Community Investment Tax Credit

South Boston NDC Awarded Community Investment Tax Credits

On March 4, 2014, South Boston NDC was awarded $50,000 in Massachusetts tax credits through the new Community Investment Tax Credit (CITC). Since that time, South Boston NDC has been awarded over $200,000 in additional Community Investment Tax Credits. The CITC provides a 50% refundable tax credit to donors who make a charitable contribution to South Boston NDC. Any eligible Massachusetts taxpayer, including individuals and corporations, may donate a minimum of $1,000 to receive the 50% refundable tax credit.

South Boston NDC is one of 40 community organizations across the state awarded millions through this unique tax credit program signed into law on August 6, 2012. The tax credits are provided to increase the capacity of these community-based organizations in an effort to boost economic and housing activity in their communities.

SBNDC hopes to attract donations to invest in the organization’s multi year business plan. This Community Investment Plan will continue SBNDC’s 30-year mission to increase the supply of affordable housing in South Boston. The plan also expands on other mission goals to address neighborhood challenges such as substance abuse, obstacles to living-wage employment, and quality of life issues affecting resident health and the livability of the South Boston neighborhood.

South Boston Neighborhood Development Corporation

COMMUNITY INVESTMENT PLAN

EXECUTIVE SUMMARY

The South Boston Community Investment Plan continues South Boston NDC’s 30 year mission to increase the supply of affordable housing in the neighborhood. The plan also expands on other mission goals to address neighborhood challenges such as substance abuse, obstacles to living-wage employment, and quality of life issues affecting resident health and the livability of the South Boston neighborhood.

South Boston Neighborhood Development Corporation (SBNDC) is a certified, mission-driven Community Development Corporation (CDC) dedicated to the provision of greater economic, education, and housing opportunities in South Boston, so that ALL people can live with dignity. SBNDC engages local residents and businesses to work together to undertake community development initiatives, which improve the urban community in sustainable ways that expand economic opportunities for low- and moderate-income people. SBNDC improves South Boston through real estate development, small business development, and resident engagement.

The Community Investment Plan outlines three major goals for SBNDC.

SBNDC aims to increase the supply of affordable housing in South Boston, through the rehabilitation of existing buildings and new construction.

SBNDC will continue to work toward improving the quality of life for residents of South Boston by addressing environmental and behavioral issues through creating green spaces and greater access to fresh produce and nutrition information.

SBNDC plans to focus on economic development by providing small business assistance and creating a workforce development program.